Exness is a top choice for users who start Forex trading because of its user-friendly interface and features. Exness also offers many promotional offers for new users; because of this, people are always using Exness even if it is not their main broker.
This article will explain the Exness sign-up process in detail and go over some of the common issues that users face while signing up. It is also worth mentioning that Exness updated their sign-up process, so some things might not be familiar to the users. If you are new to Exness, then make sure to read the article until the end.
Exness sign-up – A little about broker’s history
Exness was preciously based in UK and Europe, which means EU authorities regulated it. Exness then moved to Cyprus, and currently, it has been operating from there. It has been 12 years since the broker was established. Exness excelled in its promotions and made a name for itself in the competitive market by offering simple trading procedures and a less complex interface. This mindset reflects in the Exness sign-up process as well.
Sign-up process guide
Exness sign-up process is very linear, which means users can go through the process step up by step. The major steps of the process are;
- Registering for a new account
- Verifying your new account
- Making first deposit
- Selecting a trading terminal
- Starting trading
1. Registration for a new account
The first step of the Exness sign-up process requires you to connect to their website. You can do it from anywhere in the world. After opening the website, you need to open the sign-up page and provide the needed information.
After providing the bio that Exness asks for from its new users, you will open your account.
Problems in registration
Users can sometimes misspell their names of input wring contact information. These errors can cause problems for you, so make sure to double-check all the information you provide.
2. Verification
Advantages
Verifying your account is the next step in signing up. It is a little controversial because more people are skeptical of providing personal data online. Exness requires the users to verify because they want to ensure the two-factor authentication is in place in case a user loses control of their account. Verification also prohibits users from abusing the Exness promotional services.
Method
Verification requires two types of proof from its users
- Proof of identity (POI)
- Proof of residence (POR)
A user can submit their passport, identity card, driving license, or visa permit to verify. Exness also requires you to verify the phone number and email that you provide while registering.
Problems in verification
The most common problem that users face in verification is because of the image quality of their documents. If you are scanning your documents for verification, make sure that everything is clear and readable.
The second issue that arises most commonly involves the submission of documents that aren’t in English. Exness can’t process these documents and denies the verification.
Users should not submit expired documents either.
3. First deposit
Users can deposit up to 200 dollars even before verifying their accounts. It is not a good idea, though, because unverified accounts are not secure to trade with.
How to deposit money
Users can go to the funds section and deposit money through many available options. The minimum deposit limit is 10 dollars.
Using promotional bonus
Right after you make your first deposit, you can get Exness 10 percent bonus on your first trade as well.
4. Selecting a trading platform
Available platforms
Exness offers MT4 and MT5 trading platforms, which are the market standard, and most brokers offer these same platforms, MT4 being the more common of the two.
The difference
MT5 is the newer and improved platform. It is more secure and safe to trade on. MT4 is more commonly used, and most users are more familiar and more comfortable with it.
Choosing the right one for you
Users should pick the right platform for themselves based on their needs and trading requirements.
5. Start trading
The last step is to start trading on Exness,
- Login on the terminal
The first step of trading is to log in to the terminal that you chose to trade on. You can access the platform on any smart device.
- Add trading utilities
- Calculating margin
It is a pivotal step in trading. Margin is the amount of money that is reserved to open and maintain leverage in trading.
- Open a trade
- Close a trade
By completing these steps, you have successfully signed up and made your first trade on Exness.
Exness sign-up Issues
Some issues can pop up during the sign-up process. We have discussed some common ones below,
Server timing out issue
Sometimes users might experience an issue on the Exness platform that indicates that the server has timed out. It means that the server that you are connected with is probably full or having issues. This issue will go away on its own in some little time usually.
Information uploading fails
Users can experience an issue where the information that they fill out doesn’t upload on the server properly.
Sign-up locality issues
Exness offers its services globally. Although, some of the features and services that Exness provides are not in compliance with a few laws of some countries. If you are in a country where Exness can’t offer all of the features, then Exness can do nothing to help you. You need to sign-up from a country where Exness can offer all of its services to use them.
Frequently asked questions
Some users are often asking the following questions about Exness and Exness sign-up process.
Is Exness a regulated broker?
Yes, Exness is a regulated broker.
How long does the Exness sign-up procedure take?
It can take almost an hour, depending upon the verification, to complete.
Our takeaway
In our experience, we would rate Exness sign up a solid ten out of ten. However, users might not have a similar experience if they choose to sign up on the mobile version of their website. Overall, the process is easy, simple, and quick.